from the following data construct a manufacturing account for the year ended 31 dece 611277
From the following data construct a manufacturing account for the year ended 31 December 2015.
|
£ |
|
|
Purchases of raw materials |
89,500 |
|
Opening inventory: |
|
|
Raw materials |
12,450 |
|
Work-in-progress |
43,100 |
|
Carriage inwards |
875 |
|
Returns outwards |
2,190 |
|
Labour costs: |
|
|
Factory supervisors |
29,000 |
|
Manufacturing wages |
87500 |
|
Depreciation of factory equipment |
5,600 |
|
Rent |
18,000 |
Additional information:
1Rent is to be apportioned between factory overheads and office expenses in a 3:1 ratio.
2Inventory as at 31 December 2015 was as follows:
aRaw materials £15,650
bWork-in-progress £38,700.